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The value provided by the crypto assets is financial. Decentralized exchanges, flash loans, and other real innovations are in service of money games. In the sam
by sjtindell 5y ago
The value provided by the crypto assets is financial. Decentralized exchanges, flash loans, and other real innovations are in service of money games. In the same way many financial firms participate in money games for profit (algorithmic trading, complex derivatives bets, etc.) a huge ecosystem is growing of games designed around blockchains. I don’t think these ideas of “one world currency”, “new internet”, or “my house on a blockchain” are relevant anymore. People are still attacking these ideas but the ecosystem isn’t going that way.